Norges Bank Acquires New Stake in Ferrovial SE (NASDAQ:FER)

Norges Bank acquired a new stake in shares of Ferrovial SE (NASDAQ:FER - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 10,486,746 shares of the company's stock, valued at approximately $440,665,000. Norges Bank owned approximately 1.42% of Ferrovial at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. SG Americas Securities LLC acquired a new position in shares of Ferrovial during the 4th quarter valued at about $101,000. Optas LLC purchased a new position in Ferrovial during the fourth quarter worth about $228,000. Allspring Global Investments Holdings LLC boosted its holdings in Ferrovial by 51.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 10,419 shares of the company's stock valued at $438,000 after purchasing an additional 3,534 shares during the last quarter. Natixis Advisors LLC purchased a new stake in shares of Ferrovial in the 3rd quarter valued at approximately $447,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Ferrovial during the 4th quarter worth approximately $466,000. Institutional investors and hedge funds own 22.28% of the company's stock.

Ferrovial Price Performance

Shares of FER traded down $0.36 during trading on Monday, reaching $44.92. 103,015 shares of the company traded hands, compared to its average volume of 47,709. The stock has a 50-day simple moving average of $43.98 and a 200-day simple moving average of $42.30. Ferrovial SE has a twelve month low of $36.24 and a twelve month high of $47.30.

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Analysts Set New Price Targets

Separately, Bank of America upgraded Ferrovial from a "neutral" rating to a "buy" rating in a research report on Tuesday, December 3rd.

About Ferrovial

Ferrovial SE, together with its subsidiaries, engages in the design, construction, financing, operation, and maintenance of transport infrastructure and urban services internationally. It operates through four segments: Construction, Toll Roads, Airports, and Energy Infrastructures and Mobility. The company designs and executes various public and private works, including the construction of public infrastructure; and develops, finances, and operates toll roads.